In its ongoing drive for near-term production, Ferrex plc – an AIM-quoted iron ore and manganese development company focused on Africa – has gone for a dramatic and deliberate change in strategy, fast-tracking its iron ore project in West Africa at the expense of placing its South African iron ore operation on the back burner.

So says Ferrex managing director Dave Reeves, whose company has an 82% interest in the Mebaga iron ore project in northern Gabon through its holding in Gabonese company Ressources Equatoriales SARL (Equatorial). Equatorial has been granted the 309sq km Ngama exploration licence that covers the high grade Mebaga iron ore deposit.

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